MPs approved on Friday a modification of the real estate wealth tax. Its base was broadened, but the tax rate was reduced by a third for the very wealthy. Its yield remains unclear.

After Friday's intense negotiations at the Assemblée Nationale, proposals to tax France's ultra-wealthy failed. PM Sébastien Lecornu announced further discussions with…

MPs approved on Friday a modification of the real estate wealth tax. Its base was broadened, but the tax rate was reduced by a third for the very wealthy. Its yield remains…